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Cryptocurrencies are becoming more and more important in the financial world. What seemed like a distant vision of the future 10 years ago has made Bitcoin and Co. more speculative objects and is becoming more and more obvious to the clear reality in our daily financial life. Meanwhile, however, currency watchdogs in Europe are also relying on their own cryptocurrency with the digital euro. So far, however, many coins have had the problem that their practical benefits were quite limited. This is where the cryptocurrency exchange CNexchange, with its QCX token, comes into play: it wants to finally make cryptocurrencies practical. But what’s behind it and what can users expect in the future?
Source: https://www.cnexchange.io/
Figure 1: CNexchange takes a very interesting approach to cryptocurrencies. This could make currencies practical and bring attractive minting prizes. Image source: https://www.cnexchange.io https://www.cnexchange.io
CNexchange: who is behind it?
The founders and initiators of CNexchange are not newcomers to the world of entrepreneurship. Dr. Vaibhav Adhlakha and Dr. Kshitij Adhlakha were already able to make a name for themselves by building Secugenius. The company helps make web applications and apps suitable in terms of cybersecurity and is one of the top 5 companies in this segment. State governments, such as Oman, also rely on security applications, which are primarily used to protect sensitive data and thus improve data protection as well. Secugenius has also provided IT solutions to Fortune 500 companies.
2017: a technological revolution through the QuickX protocol
In 2017, the brothers from New Delhi, India, turned to blockchain and therefore cryptocurrencies. They quickly realized that digital coins were in no way suitable for everyday use and wanted to solve exactly these problems with the introduction of the QuickX protocol. The solution stood out above all for the following advantages:
- Significantly better scalability
- Faster transaction processing
- Smoother trading of cryptocurrencies
- Exciting products (world’s first cryptocurrency mining smart watch, hardware wallets, iOS and Android wallets, BTC flash transactions, cryptocurrency traders in Fiat Money)
Furthermore, the QuickX protocol has launched its own token: QCX, which is traded on 4 world-renowned exchanges (BitMax, HOTBIT, Bilaxy, LATOKEN) and has already achieved a trading volume of over $ 500 million in the past 15 months.
2019: CNexchange as its own crypto exchange with many functions
With the introduction of CNexchange, the Adhlakha brothers have merged the QuickX protocol with their own cryptocurrency exchange, which is intended to significantly increase the possibilities for users once again. The individual elements ensure that trading and exchangeability of crypto currencies becomes a breeze. Furthermore, the various currencies can also be easily paid with conventional payment options and converted back into fiat money.
CNexchange: what are the special features?
A closer look at CNexchange shows that the creators have really thought through. An infrastructure has been created that covers almost every area around the payment and makes it as simple as possible. Another token was created for the stock exchange ICO: CNEX, which was sold out in record time. At the end of 2021 / early 2022, both tokens will be merged into one: the QCXP.
The individual benefits at a glance:
1. Profit sharing: Token holders participate in profit
CNexchange results are shared with token holders. So if you now hedge with the CNEX or later with the QCXP, you will receive a 50% share of the crypto exchange profits as a reward. From 100,000 tokens (price currently around 2 cents) there is a payment in cryptocurrencies such as Bitcoin, Ethereum etc. Each quarter and the TOP 50 token holders receive 20% more than other token holders. Already in the first quarter hundreds of users were able to register a sort of “dividend”.
2. Minting contract: involved in every transaction for a maximum of 10 years
Another way to enter the world of cryptocurrencies is the so-called coinage. (Exclusively for Eazme customers).
Here, the client can choose between 500 – 5000 USD contracts and receives a fixed reward of up to 18% on the amount in USD per year, paid every week and this for 20 months.
In addition, each user receives a Virtual Minter, which the user can load with tokens at any time and this – depending on the capacity / contract – with 2.5 times the deposit. All coins deposited here generate a yield of between 15% and 25% per year as a minting reward, this time using the number of tokens as the basis for the calculation. So, if the token price increases significantly in the next few years, the earnings can quickly reach very large proportions and bring an attractive return on the actual investment.
Here too the conditions in summary:
- Already possible from 500 USD
- Fixed return of 14% -18% on the dollar amount deposited for 20 months safely
- Return from 15% to 25% in Virtual Minter for deposited amounts (up to 10 years)
- Full liquidity (capital can be withdrawn at any time)
- Automatic payment (no separate user actions required)
Excursus Minting: the new mining
CNexchange uses minting to generate new tokens simply by holding the tokens. For currencies such as Bitcoin, this was only possible for a long time through so-called mining, which required high computing skills and horrendous energy costs. Minting takes a different approach. Users can join a coin pool and purchase tokens as a partner to store them there. The minting pool is a node that is allowed to validate transactions and check blocks. For these services, the user receives a reward in the form of tokens, which in turn are distributed to shareholders. This “proof of stake” approach is increasingly replacing traditional mining, at least among private investors.
1. CNexchange: High liquidity protects transactions
The cryptocurrency exchange CNexchange has partnerships with well-known marketplaces such as koinfox which uses the binance sub broker protocol which guarantees liquidity of the order of billions of US dollars. Transactions can therefore be carried out without any problems at any time.
2. Simple trading and exchangeability of single crypto currencies
The exchange and therefore the trading of cryptocurrencies is possible on CNexchange easily and without a separate registration (no KYC). This makes transactions much easier. The number of cryptocurrencies that can be traded can also be described as extremely varied. Since users also have access to different exchanges via the platform, they always track and can optimally control their exchange transactions.
3. Attractive and convenient payment methods on CNexchange
Some time ago, buying some crypto currencies was very complicated. Therefore, some coins could not simply be bought with US dollars or euros. Instead, users first had to purchase one of the well-known cryptocurrencies (ex: Bitcoin) and only then had the opportunity to trade them. CNexchange ensures that such chaos becomes superfluous in the future. Users can pay crypto currencies with many common payment options:
- Credit card
- Debit card
- Pay Apple
- Bank account transfers (expected by the end of 2020)
This will make buying the corresponding coins much more convenient which in turn should inspire more people to use crypto currencies.
1. Other options in terms of convenience
The creators of CNexchange are also planning to open additional uses that will improve the practicality of cryptocurrencies as currencies. These include:
2. Shopping in the Eazme Mall
Eazme: a large cashback portal that allows users to purchase physical products of various kinds at advantageous conditions. The purchase makes you pay with tokens and there is also cashback as a reward, which allows the number of tokens to grow further.
3. Shopping in offline stores using tokens
It will be possible to pay with the token in several offline stores next year. For their part, the dealers have the ability to easily convert the token into fiat money so that all parties win. In this way, tokens become a means of payment that is not limited to its own ecosystem.
4. Pay the transaction fees in tokens
All important transaction fees (trading, cryptocurrency exchange) on CNexchange will soon be able to be paid with the token. This also further increases the acceptance of cryptocurrency and could be responsible for increases in value in the future.
5. Payment of family bills
In India, it is already possible to pay your phone bill or other household bills with the token. The simplicity of exchange ensures that more and more companies choose to accept QCXP. It remains to be seen when this will also be possible in this country. However, this cannot be ruled out.
Furthermore, CNexchange users can rely on the QuickX protocol, which technically ensures that all transactions are carried out quickly and securely. CNexchange initiators can bring their vast experience in data security and thus allow for a smooth process.
A look at the many special features and benefits of CNexchange impressively shows how well thought out the concept is in the end. Manufacturers are steadily increasing acceptance of their token, which also steadily increases trading volume. This in turn benefits all users who make their tokens available for minting and generate corresponding returns from them. Furthermore, cryptocurrency can be easily traded and can be used more and more as an appropriate currency.
CNexchange: an idea with great potential for the future
Cryptocurrencies and blockchain technology have become more and more, a financial reality from mere buzzwords and future trends. Meanwhile, the EU is also testing its own digital currency. Until now, however, many currencies had the problem that paying in everyday life in this country remained rather a technical expedient. However, cryptocurrency exchange CNexchange plans to make cryptocurrencies more practical. The QuickX protocol ensures fast transactions and the high liquidity ensures the development of a lively barter exchange.
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